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U.S. - Yarn Of Wool - Market Analysis, Forecast, Size, Trends and Insights
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U.S.: Woolen Yarn Market Overview 2021

Woolen Yarn Market Size in the U.S.

The U.S. woolen yarn market contracted significantly to $X in 2020, shrinking by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a mild downturn. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Woolen yarn consumption peaked at $X in 2015; however, from 2016 to 2020, consumption failed to regain the momentum.

Woolen Yarn Exports

Exports from the U.S.

In 2020, overseas shipments of yarn of wool decreased by -X% to X tonnes, falling for the sixth consecutive year after six years of growth. In general, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, woolen yarn exports amounted to $X in 2020. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes), Costa Rica (X tonnes) and Panama (X tonnes) were the main destinations of woolen yarn exports from the U.S., together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for woolen yarn exported from the U.S. were Canada ($X), Costa Rica ($X) and the UK ($X), with a combined X% share of total exports. These countries were followed by Mexico, Panama, Brazil and Thailand, which together accounted for a further X (+X% per year) saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average woolen yarn export price stood at $X per tonne in 2020, growing by X% against the previous year. Overall, export price indicated mild growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, woolen yarn export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while the average price for exports to Thailand ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Woolen Yarn Imports

Imports into the U.S.

In 2020, the amount of yarn of wool imported into the U.S. fell significantly to X tonnes, waning by -X% compared with 2019. In general, imports showed a noticeable downturn. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2008; however, from 2009 to 2020, imports remained at a lower figure.

In value terms, woolen yarn imports declined to $X in 2020. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

Peru (X tonnes), Canada (X tonnes) and India (X tonnes) were the main suppliers of woolen yarn imports to the U.S., with a combined X% share of total imports. These countries were followed by the UK, Portugal, Turkey, Romania, New Zealand, Italy, China, Denmark and Mexico, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal, while imports for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) constituted the largest supplier of woolen yarn to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Peru amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and Italy (-X% per year).

Import Prices by Country

The average woolen yarn import price stood at $X per tonne in 2020, surging by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2009 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per tonne), while the price for Portugal ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Peru, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for yarn of wool in the world?
+
China (281K tonnes) constituted the country with the largest volume of woolen yarn consumption, accounting for 32% of total volume. Moreover, woolen yarn consumption in China exceeded the figures recorded by the second-largest consumer, India (51K tonnes), fivefold. Indonesia (47K tonnes) ranked third in terms of total consumption with a 5.3% share.
What are the largest producers of yarn of wool in the world?
+
China (303K tonnes) remains the largest woolen yarn producing country worldwide, accounting for 34% of total volume. Moreover, woolen yarn production in China exceeded the figures recorded by the second-largest producer, India (57K tonnes), fivefold. The third position in this ranking was occupied by Italy (50K tonnes), with a 5.6% share.
What are the leading suppliers of yarn of wool to the U.S.?
+
In value terms, Peru ($26M) constituted the largest supplier of woolen yarn to the U.S., comprising 28% of total imports. The second position in the ranking was occupied by Canada ($9.8M), with a 10% share of total imports. It was followed by Italy, with a 9.5% share.
What are the leading importers of yarn of wool from the U.S.?
+
In value terms, Canada ($3.1M), Costa Rica ($1.9M) and the UK ($678K) constituted the largest markets for woolen yarn exported from the U.S. worldwide, together accounting for 66% of total exports. These countries were followed by Mexico, Panama, Brazil and Thailand, which together accounted for a further 15%.
What is the average export price for yarn of wool in the U.S.?
+
In 2020, the average woolen yarn export price amounted to $18,397 per tonne, surging by 11% against the previous year.
What is the average import price for yarn of wool in the U.S.?
+
In 2020, the average woolen yarn import price amounted to $22,474 per tonne, growing by 10% against the previous year.

Product coverage:
• Prodcom 13105010 - Yarn of carded wool or fine animal hair, n.p.r.s.
• Prodcom 13105030 - Yarn of combed wool or fine animal hair, n.p.r.s.
• Prodcom 13105050 - Yarn of wool or fine animal hair, p.r.s.

This report provides an in-depth analysis of the woolen yarn market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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